Recap Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
Lawrence's Comment
Recap
Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result ...
Lawrence's Comment
Recap
No pullback to support making this more difficult to go higher. Consolidation above Y+1 all week. Closed the week above midpoint and Y+1.
Outlook
Y+1 acted as support all week points ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
EURUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook
Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
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